Legacy Private Trust Co. Has $678,000 Stock Holdings in Amcor plc (NYSE:AMCR)

Legacy Private Trust Co. lessened its holdings in shares of Amcor plc (NYSE:AMCR) by 5.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 59,843 shares of the company’s stock after selling 3,570 shares during the period. Legacy Private Trust Co.’s holdings in Amcor were worth $678,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AMCR. Envestnet Portfolio Solutions Inc. boosted its position in shares of Amcor by 40.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 743,325 shares of the company’s stock worth $7,069,000 after purchasing an additional 214,458 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Amcor by 244.2% during the first quarter. Empowered Funds LLC now owns 103,655 shares of the company’s stock worth $986,000 after purchasing an additional 73,541 shares in the last quarter. M&G Plc boosted its position in shares of Amcor by 2,741.7% during the second quarter. M&G Plc now owns 47,164,358 shares of the company’s stock worth $471,644,000 after purchasing an additional 45,504,608 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in shares of Amcor by 60.0% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 601,225 shares of the company’s stock worth $5,718,000 after purchasing an additional 225,441 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Amcor by 236.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,648,279 shares of the company’s stock worth $15,675,000 after purchasing an additional 1,157,878 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Trading Down 0.3 %

AMCR opened at $11.08 on Wednesday. The stock has a market capitalization of $16.01 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.73 and a beta of 0.85. Amcor plc has a 12 month low of $8.45 and a 12 month high of $11.48. The firm’s fifty day simple moving average is $10.96 and its 200 day simple moving average is $10.17. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $0.19 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, research analysts anticipate that Amcor plc will post 0.75 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 4.51%. Amcor’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analysts Forecast Growth

AMCR has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Wells Fargo & Company lifted their price target on shares of Amcor from $9.80 to $10.50 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Robert W. Baird boosted their price objective on shares of Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Stifel Nicolaus initiated coverage on shares of Amcor in a research report on Tuesday, July 9th. They issued a “hold” rating and a $10.80 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.73.

About Amcor

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.